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Financing ScenariosDebtCurrentDebtEquity 2 0 , 0 0 0 , 0 0 0 Equity 2 5 , 0 0 0 , 0 0 0 Shares 5

Financing ScenariosDebtCurrentDebtEquity

20, 000, 000

Equity

25, 000, 000

500, 000

Operating Profit

10, 000, 000

Interest Expense

1, 600, 000

Earnings Before Tax

8, 400, 000

Income tax @

30 % 2, 520, 000

Net Income

5, 880, 000

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